Private Practice

Is your private practice struggling to navigate its overwhelming and growing AR?

At Coronis Health, we recognize the intricacies involved in anesthesia billing and are equipped to provide you with an optimal solution. With the ever-increasing challenge of hiring and training staff proficient in addressing accounts and efficiently generating revenue, Coronis offers a tailored approach to expedite your claims payment process.

Our anesthesia billing services are designed to resolve your outstanding claims and enhance the efficiency and overall revenue stream. We ensure that the necessary personnel is assigned to promptly resolve your issues and streamline the billing process. As your revenue aligns with industry standards, we scale staffing accordingly.

How Anesthesia Medical Billing Services Can Help Grow Your Private Practice

Coronis Health employs a skilled and experienced team who are expertly familiar with anesthesia medical billing. Along with comprehensive billing and coding services, our team follows up on claims, pursues delinquent bills, and understands complex insurance policies to get faster payments. 

Anesthesia medical billing services provide the following benefits:

• Improves workflow 
• Lightens the workload for medical staff
• Enables staff to focus on patient care
• Reduces claims processing errors
• Streamlines the revenue cycle 
• Improves patient satisfaction
• Maintains billing compliance

Common Challenges Faced by Private Practices with Anesthesia Billing

Private practices face several challenges that are unique to anesthesia billing, contributing to a more complex process than what general practitioners experience. 

Challenges include:

• Understanding the different types of billing codes – anesthesia billing services encompass more than just the pre-operative evaluation of the patient, administration of anesthetic, and other supportive services. A thorough understanding of the services and their corresponding codes is necessary to ensure billing accuracy.
• Ensuring modifier codes are accurate – modifiers help identify important details on a claim and are essential for coding consistency and accuracy. They indicate how a service was performed, whether personally, medically directed, or supervised by an anesthesiologist. Incorrect modifiers can lead to duplicate billing and unbundling or rejected claims.
• Understanding how insurance companies reimburse anesthesia services – a specific formula must be used to report time units for anesthesia services when billing.
  • Base Units + Time + Physical Status Modifier = Total Units 
  • For Medicare:  Base Units + Time = Total Units. 

Insurers only reimburse for anesthesia services billed with the accurate codes and modifiers per the guidelines provided by The Centers for Medicare & Medicaid Services (CMS) and state regulations.

Why Outsourcing Your Medical Billing Services Can Help

Here are five advantages your anesthesia practice can achieve by outsourcing anesthesia medical billing:

• Improved anesthesia billing accuracy – outsourced medical billers focus exclusively on billing and coding, resulting in more accurate claims and fewer errors and denied claims. 
• Improved compliance – from billing codes to payer rules, changes in the healthcare landscape happen frequently. Outsourcing billing enables you to work with a team of dedicated experts who can keep abreast of changing regulations and remain up-to-date with new rules and policies. Certified medical billers and coders know the policies governing how practices file claims and how insurers reimburse payments. They are trained in clinical documentation and remain vigilant of any changes to billing procedures. These experts also understand what needs to be done to submit accurate claims while allowing your billing process to always remain compliant.
• Streamlined workflow and operations – outsourcing billing increases your practice’s productivity and efficiencies by utilizing technology to digitize documents and automate tasks. Digital documentation frees up storage and relieves your staff from a heavy workload. Gaining extra resources and time allows your staff to focus on patient care and help achieve your practice’s goals.
• Faster collection process – outsourcing anesthesia billing means partnering with a team of highly trained billers and coders who take over the entire claims review process. Since billing and coding are the core functions of their job, they are fully dedicated to handling billing with accuracy and efficiency. With errors minimized and follow-ups performed, payments come through faster.
• Expertise in anesthesia billing – different healthcare specialties come with their own unique billing challenges. By outsourcing your billing to experts, you work with a team with the knowledge and experience in billing for anesthesia and can effectively cater to your practice’s needs. They also can adapt to the latest industry technologies and regulations.

To learn more about how your practice can benefit from outsourcing anesthesia medical billing services, contact Coronis Health and request your free financial checkup.